{"id":31,"date":"2026-09-24T12:00:00","date_gmt":"2026-09-24T12:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/shankhurrum-com\/2026\/09\/24\/toronto-area-home-prices-dip-below-1-million\/"},"modified":"2026-09-24T12:00:00","modified_gmt":"2026-09-24T12:00:00","slug":"toronto-area-home-prices-dip-below-1-million","status":"publish","type":"post","link":"https:\/\/www.shankhurrum.com\/blog\/2026\/09\/24\/toronto-area-home-prices-dip-below-1-million\/","title":{"rendered":"Toronto Area Home Prices Dip Below $1 Million"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/shan-khurrum\/toronto-area-home-prices-dip-below-1-million-for-second-time-this-year-remotion-videos-f21b\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Toronto area home prices have recently dipped just below the $1 million mark, with the average sale price now around $993,000\u2014about 3% lower than this time last year. This shift is creating new windows of opportunity for buyers looking for more attainable options in the GTA. At the same time, inventory has tightened: new listings dropped approximately 14% year-over-year to about 12,100, meaning there are fewer homes on the market and less choice for buyers. Just over 5,000 sales were reported in this period, a slight 2% decrease compared to last year. As selection narrows, competition among buyers may intensify, which can help stabilize prices. While steady mortgage rates and encouraging economic news have improved affordability for some, ongoing concerns about inflation and borrowing costs are still a factor for many households. If inventory continues to tighten and prices rise, we may see buyers moving more quickly, and sellers could be encouraged to list as market conditions improve. As someone who works across all aspects of real estate in the GTA\u2014residential, commercial, leasing, and investment\u2014I\u2019m always monitoring these market shifts to help clients make informed decisions, whether buying, selling, or investing.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Toronto area home prices have recently dipped just below the $1 million mark, with the average sale price now around $993,000\u2014about 3% lower than this time last year. This shift is creating new windows of opportunity for buyers looking for more attainable options in the GTA. At the same time, inventory has tightened: new listings [&hellip;]<\/p>\n","protected":false},"author":484,"featured_media":32,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/posts\/31","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/users\/484"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/comments?post=31"}],"version-history":[{"count":0,"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/posts\/31\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/media\/32"}],"wp:attachment":[{"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/media?parent=31"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/categories?post=31"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shankhurrum.com\/blog\/wp-json\/wp\/v2\/tags?post=31"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}